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by romey 2053 days ago
I wonder if the incentive actually is to "produce as good a product for their customers as possible," or if it's to find the optimal place on the "price to produce" vs. sale price*popularity curve.

I would also posit that in spite of the fact that, while perhaps "For profit operations produce most good things in this world" (for some very specific definition of "good"), news media is in fact a niche where not-for-profit organizations do have a history of being superior to for-profit counterparts (e.g. BBC, NPR, AP, etc)

2 comments

I'll concede that the news business is a special case in the internet era.

What's "good" is determined by customers. Of course, for news that is often that which confirms our beliefs.

I was mostly annoyed with the "for profit ventures are inherently bad" message. I think it's a profound and fundamental misunderstanding of the world.

It is the second and it is a good thing one is for availability and the second is for making desired products and implies at least novelty to keep the willing to pay high.

Just focusing on quality pure would result in a comically overluxury white elephant of a product as optimizing it would result in more and more cost and overwroughtness.